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Really can't be bothered to watch this lately because there seems no point as he company and the share price have been so well and truly buggered, in fact as a result of past professional complacency, ineptness and deliberated deceit by certain senor management the company and share price have been knocked back over half a decade!
Until there is some tangible evidence that things have changed then we are going nowhere. the share price will just bob up and down with the POG .
Centamin in many respects is stuck in a limbo from which its escape is dependent upon Martin Horgan's future announcements of the right news, supported by the right evidence being released at the right time!
Yup, it sure is dull, just treading water waiting for news or gold to move. I'll go and look at the broad beans growing, they are more dynamic than this!!
Until the ll Basel 3 compiance or Centamin geets its improved production back up ,it will be like watching paint dry.
The trading is slow ,with world wide uncertainty.
Hence not much movement in miners.
All in all a terrible 3 years.
Hi Mr Bond,
Couldn't agree more!
As you say a terrible 3 years in so many respects!
Hardly boring when it went to 220p in 2020 was it?
It's always darkest before the dawn....or something like that
I'm still of a mind that when gold fully breaks out of that long term cup and handle it will all be different....the grind is to break everyone's spirit and make gold seem uninvestable...when it finally happens people will miss the first 40% of the rise as they'll be so convinced that gold and miners are going no where...I've got to admit to being a little dejected to but this has been my theory for a a long time and I still believe it...the longer the grind the harder the slingshot
Fair comment , nor when after the true state of Sukari was exposed it crashed down to £1.70., then £1.30ish and then slithered down to 88p!
Unfortunately it will take a bit more truth and proof this time to propel the share price toward to those levels again!
Here's hoping!
Lets hope so Lodan!
Anyhow on a cheerful note pog is flying up once more just now..
Research shows that quality and value are two powerful drivers of stock market profits. After the economic turmoil we've seen over the past year, it's possible that these two factors could have an influence on the Centamin (LON:CEY) share price.
For contrarian investors looking for shares that are being overlooked by the market, quality and value are vital clues. Academic studies show that good quality, cheaply priced shares can deliver outperformance on average over time. While no stock is immune from a sudden setback, focusing on quality and value are used by some of the world's most respected investors - from Joel Greenblatt to Warren Buffett.
The Centamin share price has moved by 1.16% over the past three months and it’s currently trading at 88.6p. But what's interesting about this share is its potential exposure to those influential profit drivers of high quality and a relatively cheap valuation.
Good quality stocks are loved by the market because they're more likely to be solid, dependable businesses. Profitability is important, but so is the firm's financial strength. A track record of improving finances is essential.
One of the quality metrics for Centamin is that it passes 5 of the 9 financial tests in the Piotroski F-Score. The F-Score is a world-class accounting-based checklist for finding stocks with an improving financial health trend. A good F-Score suggests that the company has strong signs of quality.
Fair price
While quality is important, no-one wants to overpay for a stock, so an appealing valuation is vital too. With a weaker economy, earnings forecasts are unclear right across the market. But there are some valuation measures that can help, and one of them is the Earnings Yield.
Earnings Yield compares a company's profit with its market valuation (worked out by dividing its operating profit by its enterprise value). It gives you a total value of the stock (including its cash and debt), which makes it easier to compare different stocks. As a percentage, the higher the Earnings Yield, the better value the share.
A rule of thumb for a reasonable Earnings Yield might be 5%, and the Earnings Yield for Centamin is currently 14.1%.
In summary, good quality and relatively cheap valuations are pointers to those stocks that are some of the most appealing to contrarian value investors. It's among these shares that genuine mis-pricing can be found. Once the market recognises that these quality firms are on sale, those prices often rebound.
https://www.stockopedia.com/articles/why-shares-in-centamin-may-be-able-to-withstand-economic-turmoil-266930/
https://www.stockopedia.com/share-prices/centamin-LON:CEY/?aid=266930&tid=1203&bid=553&sid=58191&ticker=LON:CEY&cta=inlinebutton
Lodan.. I agree with you. The fact that 90% of the MPI business activity reports I've read this week show a decline or slower growth and higher costs doesn't seem to dampen market enthusiasm for piling into general equities. I am seeing red flags across the board for demand reduction in the face of inflation and yet the market; prices it as if people have bottomless pockets. Gold will fly once the ordinary folk vote with their feet on most goods and services; at that point then more than perhaps 1% of americans may realise that bloomberg et al' are talking rubbish. Time will tell but I have gold at a significantly higher level than current prices mid year. The only problem is a weakening dollar at that point doesn't help FX.
it isn't just this company that is suffering on the sentiment front; most small producers have had a horrid time lately. I have two others on the flat line for months
Lots of negativity here re. CEY. Not sure its merited, though.
I have no position on CEY long or short so no axe to grind. But I am following the share since I might invest once more in it, depending....
Anyway, it seems to be holding up pretty well to me. POG not great, drifting, CEY price still north of 90p, only a tiny bit down on the day as I write this.
Perhaps there are positive signs for the share, peaking up above the undergrowth?
DYOR
GLA
Hi Sunshine,
It used to be more positive, but unfortunately after a narrowly averted open pit wall collapse forced the disclosure of several years gross Sukari mismanagement and the way that share holders trust had been taken for granted and then betrayed by the senior management positivity amongst share holders tends to be in short supply!
Hi Mrtibbles
Thanks for your reply and great to have you back. I hope and trust that you are fully recovered.
Yes, I have followed this share up and down, including the business of the pit wall, the change of CEO, the West African exploration etc etc.
Over time I have lost £ and made £ on CEY.
For now, I am out. I note that the price is not as low as it was quite recently. All this whilst POG has struggled.
GLA. DYOR
Sunshine
H1 60-65% annual costs vs 45% annual production. H2 35-40% annual cost and 55% annual production. We have another difficult quarter and the mood may well change here otherwise a lot of heat will be heading on management's door mat as folks will ask what are we paying these folks for if they do not deliver.
Tony
Hi Tornado,
Fair comments indeed,
I recall a very down to earth factory superintendent my immediate boss at the time and at our weekly production meetings he would sometimes refer to his loft of racing pigeons saying how much he cared for them and how he always fed them the best corn, but then on occasions Lou would sometimes refer to some of the shop floor operators as not being worth their corn and that if they didn't improve then although we didn't want to do it we would need to wring some necks!
I am of the opinion that this is the case with our BOD & NED's!